TX SB2493

Requires ballot propositions for debt obligation elections by political subdivisions (municipalities, counties, school districts, special taxing districts) to include a plain language description of the single specific purpose, the total principal amount, and a statement that taxes will be imposed to pay principal and interest

Mandates that each specific purpose for debt obligations be printed as a separate proposition on the ballot, though a proposition may combine structures or improvements serving substantially the same purpose

Requires political subdivisions with at least 250 registered voters to prepare a voter information document for each proposition, including the ballot language, a table showing principal amounts, estimated interest, and combined costs for both proposed and outstanding debt obligations

Voter information documents must include the estimated maximum annual tax increase on a $100,000 residence homestead to repay the proposed debt, along with disclosure of major assumptions used in calculations (debt amortization, future appraised values, interest rates)

Political subdivisions with websites must post the voter information on their site beginning at least 21 days before election day; the bill takes effect immediately with two-thirds legislative vote or September 1, 2025